GREY:SKNAF - Post by User
Post by
the_watcher1on Feb 23, 2012 9:34am
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Post# 19572184
MNH Very Undervalued
MNH Very Undervalued
MNH IS WAY UNDERVALUED2011 reserve highlights -- Net present value (discounted 10% after tax - forecast prices) of $55.6 million (
.25 per MENA share) attributed to its total proven + probable oil reserves. -- Net present value (discounted 10% after tax - forecast prices) of $16.3 million (
.07 per MENA share) attributed to its total proven oil reserves. -- Net present value (discounted 10% after tax - forecast prices) of $163.4 million (
.72 per MENA share) attributed to its total proven + probable + possible oil reserves. -- Further to MENA's news release of January 30, 2012, the Petroservices drilling rig has arrived in the Lagia oil field at the location of Lagia 6 well and is awaiting customs inspection and assembling to commence the six well programme consisting of working over two existing wells, the drilling of two development wells and drilling a further two appraisal wells.